Visit our new Alternative Investment section.Click here

Less Ads, More Data, More Tools Register for FREE

Two dead, five injured at Glencore zinc plant in Kazakhstan

Tue, 05th May 2026 18:48

(Alliance News) - Two people have died at Glencore PLC's Kazzinc zinc facility in Kazakhstan, according to reports seen by the Financial Times and Reuters on Tuesday.

The deaths were caused by a 120-square metre fire which began after "A dust collector exploded in the smelting section of the electrolysis unit," Kazakhstan's emergency services ministry said.

Five others were injured in the event, which caused a portion of the building to collapse.

"According to preliminary ⁠information, a bang occurred ​while work was being carried ​out to clean the smoke extractor, followed by a fire and ​the partial collapse of ​the structure," Kazzinc said in a statement.

The Kazzinc plant in Ust-Kamenogorsk is Kazakhstan's largest zinc production facility, according to Reuters. It is majority-owned by Baar, Switzerland-based mining house Glencore.

Kazakhstan's state fund ⁠Samruk-Kazyna ​holds the remaining ​30% stake in the company.

"Appropriate measures will be taken to assess the feasibility of continuing the production cycle. At the same time, oversight of safety compliance at the facility will be strengthened," the local government said in a statement.

In 2026, Kazzinc reported USD5.1 billion in revenue and USD1.65 billion in adjusted earnings before interest and tax, higher than the previous year thanks to the higher gold prices, FT said.

Kazzinc produced 212,000 tonnes of zinc last year, along with 543,000 troy ounces of gold.

Glencore said the situation was "currently contained with efforts focused on treating the injured personnel”, and that air quality testing showed "no impact on the environment".

Glencore shares closed down 0.2% at 561.90 pence each in London on Tuesday.

By Aidan Lane, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Market Reports Corporate News Mining Construction & Materials Glencore

Shares in this article

Related News

Two killed in blast at Kazakhstan’s largest zinc plant, emergency ministry says
15 hours ago

Two killed in blast at Kazakhstan’s largest zinc plant, emergency ministry says

MOSCOW, May 5 (Reuters) - ​Two ⁠people were killed ​and five others injured in an ​explosion ‌at the Kazzinc plant, Kazakhstan's ⁠largest zinc product...

Ex-Glencore trader part of Ambatovy nickel takeover, documents show
4 days ago

Ex-Glencore trader part of Ambatovy nickel takeover, documents show

* Sumitomo to divest 54% stake in Madagascar nickel project

Mining Glencore + 1 more share
LONDON BROKER RATINGS: Citi cuts United Utilities and Severn Trent
4 days ago

LONDON BROKER RATINGS: Citi cuts United Utilities and Severn Trent

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: